New York A 8400: Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A08400 Summary:

BILL NOA08400 

&nbsp

SAME ASSAME AS S06163

&nbsp

SPONSORWilliams

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §532-a, RPT L

&nbsp

Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property.

Go to top A08400 Actions:

BILL NOA08400 

&nbsp

05/13/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA08400 Committee&nbspVotes:

Go to topA08400 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08400 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8400

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 13, 2025
 ___________

 Introduced by M. of A. WILLIAMS -- read once and referred to the Commit-
 tee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to state aid for
 certain towns adversely affected by a concentration of tax exempt
 property

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property tax law is amended by adding a new
 2 section 532-a to read as follows:
 3 § 532-a. Certain lands subject to state payments. In any city, town,
 4 village or fire district in which the total amount of tax exempt proper-
 5 ty represents more than thirty-five percent, by value, of the total
 6 amount of property in such city, town, village or fire district, the
 7 state shall pay a sum, subject to budgetary appropriation, as follows:
 8 1. Fifty percent of such sum shall be paid to each eligible city,
 9 town, village or fire district in proportion to such entity's population
 10 relative to the population of all such eligible entities; and
 11 2. Fifty percent of such sum shall be paid based on the value of tax
 12 exempt property in each eligible city, town, village or fire district as
 13 a percentage of the value of all tax exempt property in all such eligi-
 14 ble entities.
 15 § 2. This act shall take effect immediately and shall apply to assess-
 16 ment rolls prepared on the basis of taxable status dates occurring on
 17 and after the date on which this act shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09618-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps